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Personal Finance (Not Investing) • Legit or Scam: Buy New Car, Sign Lease for 30 Days?

This is legitimate. The federal tax credit for a purchased EV requires that the vehicle be assembled in the US. Many cars do not qualify. Leased vehicles are not limited to US assembly.

If you Google 2024 Rav4 Prime lease credit, you will see this offer is legitimate.

You just need to make sure you can buy out the lease early.

The dealer benefits because (a) they get a bonus from Toyota for signing up customers to lease or finance from Toyota instead of outright purchase, and (b) the EV tax credit is $7,500, so someone is pocketing $1,000 of it.

Statistics: Posted by toddthebod — Thu Sep 26, 2024 6:33 pm — Replies 3 — Views 319



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